According to blockchain analysis company Glassnode, since the peak of centralized exchange Bitcoin supply of 3.203 million BTC in March 2020, this indicator has been on a downward trend. This week, the total balance of Bitcoin on exchanges dropped to a new low of 2.256 million BTC in five years, with Binance holding about 691,200 BTC, Coinbase holding about 439,800 BTC, and Bitfinex holding about 320,700 BTC.
It should be noted that these data only consider funds related directly to the trading platform and do not include dedicated custodians or ETF-type investment tools (such as GBTC or Microstrategy).
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